The Ibovespa surged 2.6% to close at 128,957 level on Friday, securing a robust weekly gain of 3.1% as improved fiscal data eased concerns over the Lula administration’s commitment to sustainable fiscal discipline. Gross public debt as a percentage of GDP unexpectedly declined to 75.3% in January, down from 76.1% in the previous month and below the 76.2% forecast, driven by a record primary surplus of R$104 billion. Most stocks traded strongly, with Magazine Luiza leading the advance by surging 13.2% on stronger-than-expected earnings, while B3 extended its positive momentum with shares rising 11.2% on robust operational data, a billion-dollar victory at Carf, and increased trading volumes. Other notable performers included commodity giants Petrobras and Vale, which gained 4.4% and 3.2% respectively. Conversely, Natura lost over a quarter of its valuation after its fourth-quarter results showed adjusted EBITDA 35% below forecasts.
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